1766 did not hold yesterday so I am watching 1780 (1.618x 1100) as next resistance

The thick blue line is 0.625 points per day (effectively a 1x8 using scale 5 pts per day )

1778 is also important measured move level,as seen in this chart by Nouf (WavePatternTraders)
http://charts.stocktwits.net/production/original_16881957.png?1383062902 WHERE TIME IS ALSO EQUAL (as in Dax chart I showed)

Tuesday, 29 October 2013

"Throughout the twentieth century, the trend has been away from
limited government and toward big government’s intervening in every
aspect of our lives. It has been financed with borrowed money and a
fraudulent paper money system. We have come a long way from the Republic
envisioned by the Founders. Today, by majority vote, government can
easily cancel out the earnings or rights of individuals without any
debate as to constitutionality. The only debate is between the competing
special interests, deciding who will benefit and who will suffer.

We
are witnessing the end stage of the Republic as we drift closer and
closer to pure dictatorship. Dictatorship of the majority is every bit
as oppressive as the dictatorship of the few. It is also more difficult
to attack, since so many accept the notion that the majority has the
authority to redefine rights."

I said in earlier posts that 9000 would be a big level so we are in the sell zone,with no sell signal yet.We have already overshot the upper trendline conecting the 2 previous topsThis is Coolbizone's chart.If we add 900 to 8094 and add 600 to 8490 we get a possible target of 8994 - 9094

"Some of the finest and most highly regarded minds in the world of PMs have
been saying metals are going higher, most particularly over the past few years.
The charts have "said"
otherwise, and that has been the correct read. Charts are infallible. Why?
They are the market. They are the mirror of what the war between supply
and demand is. They show the intervening battles between buyers and sellers,
and everyone gets to see the results, as they develop, each and every
day.

If demand is greater than ever; if supply is shrinking, relative to demand,
yet price is and has been moving lower, then the problem is what almost all
recognize, manipulation. The charts for both gold and silver have been steadily
reflecting that fact. What that fact is telling the world is that the
manipulators have been in control, and still are. "

"I believe that today in the US and UK at least, we have seen the rise of
a political class dominated by a spirit of narcissism and Darwinistic
privilege. It started with the Reagan and Thatcher administrations, but
has carried through every one since then to greater or lesser degrees.
Clinton certainly made his own unique contribution in marrying the
Democratic party to Big Money."